Markets have also started on slight bull activity today, with the global market cap recording a 0.4% increase daily to take the total cap to $1.04T as of press time. The fear and greed index is also now at 35, as the fear and greed index remains stagnant.
Bitcoin (BTC) analysis
Bitcoin (BTC) has encountered minor bull activity, trading at $25.9K after recording a daily increase of 0.5%, as the weekly drop now stands at 0.4%. Bitcoin’s trade volume dropped by 51% during the same period, presently at $8.5B.
The Bollinger bands are now converging, indicating that the volatility of Bitcoin is dropping. The Relative Strength Index (RSI) is now above its average line as bulls try to push for dominance. The MACD also moves in the green zone.
Ethereum (ETH) analysis
Ethereum (ETH) has started today on mild bull activity, as the asset now sits on gains of 0.23% within a day of trading to take it to $1634 as the trading volume dropped by 53% to take it to $2.7B as of press time. ETH’s volatility levels are also decreasing as the Bollinger bands converge.
Ripple (XRP) analysis
Ripple (XRP) has started today on mild bear activity, as the asset now sits on gains of 1.4% within a day of trading to take it to $0.5029 as the trading volume dropped by 34% to take it to $630M as of press time. XRP’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now below the average as bulls struggle to dominate. The MACD indicator also now moves at a neutral position as bulls and bears struggle for dominance.
Solana (SOL) analysis
SOL has started today on mild bear activity, as the asset now sits on losses of 0.2% within a day of trading to take it to $19.4 as the trading volume dropped by 33% to take it to $185M as of press time. SOL’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now below the average as bulls struggle to dominate. The MACD indicator also now moves in the red zone bears struggle for dominance.
Cardano (ADA) analysis
ADA has started today on mild bull activity, as the asset now sits on gains of 0.15% within a day of trading to take it to $0.255 as the trading volume dropped by 25% to take it to $115M as of press time. SOL’s volatility levels are also decreasing as the Bollinger bands converge.
The RSI indicator is now below the average as bulls struggle to dominate. The MACD indicator also now moves in the red zone bears struggle for dominance.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-xrp-sol-ada/